Good way to improve your credit score.
 

Found this out recently regarding revolving credit (credit cards other than American Express). Credit agencies give you a nice bump if your revolving debt is less than 30% of your credit limit.

I have two Visa cards with a total credit limit of $21,500. After selling the house I paid them both down quite a bit. I currently owe $4,547 on them which is 21% of my credit limit.

My Fico score went up almost 40 points just by getting below 30%!

Sorry man, but if I hadn't seen it was you who started this thread I would have thought "SPAM!" right away....

A better way to improve your credit score:
https://assets3.thrillist.com/v1/ima...ult_mobile.jpg

If you have a lot of debts and aren't sure about how to pay them down fast: https://www.daveramsey.com/blog/get-...-snowball-plan

I think Fight Club had this covered.

You don’t you just pay them off completely?

Actually it's better to have some debt and pay it off monthly, on time. Weird but true. Never being late on a payment is a huge factor in your credit rating.

Not weird that capitalism rewards you for being subservient.

You should already have a pretty lengthy history of that with your mortgage payments and previous payments. Paying them down but keeping them open so that you have a few credit lines open will accomplish the same thing and similarly decrease your DTI.

You sign up for a card and agree to the terms. They let you spend money you don't have. You just have to pay them back on time. Pretty simple actually.

Stop using big words. It doesn't suit you.

At this point why pay interest on money that should be earning interest?